Fancy a Stake of £100,000?

A new initiative by Barclays and Channel 4 has been launched this month, which aims to inspire a new generation of entrepreneurs and community leaders.
The Stake, launched on 11th November, and links up with social networking site, Facebook to provide young people with the chance to submit ideas for how they would like to spend a share of £100,000 to enhance their community or start a business. Users then vote to decide as an online community which projects should be funded from the prize pool.

Anyone aged between 16 and 21 can submit their idea for a community or business project that they feel will make a real difference in their local area. The most popular ideas will be considered by a panel of judges, and up to six young people will win a share of £100,000 to make their idea a reality.

The competition aims to demonstrate that business and social enterprise can be creative, fun and challenging and that good ideas and passion can be rewarded.

The competition closes on December 23rd 2011 at midnight.

You can enter The Stake via the competition website www.thestake.co.uk